Japan’s lifers make their case for subordinated debt overseas

By Frances J. Yoon
05 Sep 2013

Japan’s life insurers will be visiting global investors to sell subordinated debt despite plenty of liquidity back home.

Fukoku Mutual Life Insurance Company has mandated banks to issue a subordinated US dollar deal in a perpetual non call 10 format, according to a term sheet.

The issuer has mandated Bank of America Merrill Lynch, Citi, Mizuho and Nomura to arrange investor meetings for the Reg S ...

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